RB Global, Inc. (NYSE:RBA) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of RB Global, Inc. (NYSE:RBA - Free Report) TSE: RBA by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,768 shares of the business services provider's stock after selling 31,241 shares during the period. Hsbc Holdings PLC owned about 0.16% of RB Global worth $26,052,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in RB Global by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,729 shares of the business services provider's stock valued at $3,674,000 after purchasing an additional 113 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of RB Global by 49.4% in the fourth quarter. Jones Financial Companies Lllp now owns 390 shares of the business services provider's stock valued at $35,000 after buying an additional 129 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of RB Global by 4.6% during the 4th quarter. Summit Trail Advisors LLC now owns 3,089 shares of the business services provider's stock valued at $279,000 after buying an additional 137 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in RB Global by 25.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 706 shares of the business services provider's stock worth $64,000 after acquiring an additional 143 shares in the last quarter. Finally, Claret Asset Management Corp grew its position in RB Global by 1.6% in the fourth quarter. Claret Asset Management Corp now owns 10,233 shares of the business services provider's stock valued at $923,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.

RB Global Stock Performance

RBA traded up $2.29 during trading hours on Friday, hitting $102.24. 872,523 shares of the stock were exchanged, compared to its average volume of 1,091,068. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 50.85, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The stock has a 50-day simple moving average of $98.10 and a 200-day simple moving average of $93.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.17. RB Global, Inc. has a 12 month low of $69.83 and a 12 month high of $106.90.

RB Global (NYSE:RBA - Get Free Report) TSE: RBA last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.23). RB Global had a net margin of 9.64% and a return on equity of 8.00%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the firm posted $0.82 earnings per share. Analysts anticipate that RB Global, Inc. will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RBA shares. CIBC cut their price objective on shares of RB Global from $109.00 to $108.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. BMO Capital Markets increased their price target on RB Global from $116.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Robert W. Baird upped their target price on RB Global from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Raymond James raised their price target on shares of RB Global from $110.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, National Bankshares cut their price target on shares of RB Global from $118.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.36.

Insider Transactions at RB Global

In other news, CRO James J. Jeter sold 7,597 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $97.85, for a total transaction of $743,366.45. Following the transaction, the executive now directly owns 20,267 shares of the company's stock, valued at approximately $1,983,125.95. This trade represents a 27.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Francis Kessler sold 15,700 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $97.81, for a total transaction of $1,535,617.00. Following the completion of the sale, the chief executive officer now directly owns 107,569 shares of the company's stock, valued at $10,521,323.89. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,897 shares of company stock worth $2,338,161. 4.32% of the stock is currently owned by company insiders.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.